Is 29642, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 29642 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 29642 has remained a Seller's Market.

Key Takeaway

29642 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 29642, SC

How much do homes in 29642, SC cost?

Median Sold Price

$347,461

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,461(+7.9%)

Key Takeaway

Homes in 29642 have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in 29642 was $347,461 in October 2024, up 7.9% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $200K$250K
+25.0%
3 $280K$300.5K
+7.3%
4 $407K$392K
-3.7%
5+ $497K$460K
-7.4%

Summary: 29642 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 7.4%.

Median Sold Price Compared To Nearby Zip Codes

29657
+11.7%
29642
+7.9%
29611
+6.9%
29673
-0.7%
29640
-4.6%

Housing Supply in 29642, SC

How many homes are available in 29642, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
243254+4.5%

Summary: The 29642 real estate market had 254 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1412
-14.3%
3 101108
+6.9%
4 9493
-1.1%
5+ 3441
+20.6%

Summary: The 29642 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 20.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4857+18.8%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 29642, you may be able to get a good deal. 54.4% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in 29642 in October 2024, up by 18.8% month-over-month. Of the 57 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.

Days on Market for 29642, SC

How long does it take to sell a home in 29642, SC?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days57 Days+97.9%

Summary: Homes in 29642 had an average of 57 days on market in Oct 2024, up by 97.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 29642 has remained consistent over time.

Summary: During October 2024, 57 homes were sold in 29642; 11% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in 29642, SC

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